Thursday, January 25, 2007

"Our credit limit with the world is endless..."

Real estate is a monster. It's competitive. It's rough. And it can really piss you off.

I bid on a house this week. A fucking awesome house. And it was a steal, because the buyers were relocating. It was my first time bidding on a house.

This house was da shit. Trust me. Some of you have seen the photos. The photos didn't do the place justice. I dreamt of this house. I cancelled vacations to Mexico and Central America because of this house. I was willing to shell out $2000 to break my apartment lease for this house.

I got outbid. This was AFTER I upped my offer by nearly $20,000 within a matter of hours. I was a pissed Negro. But, after my girl Jemele pointed out, the shady-ass realtor/buyer knew she had a great house and was trying to start a bidding war between me and another buyer.

The irony is, I could have easily afforded the full asking price. Hell, more. But, based on the location, I felt that the offer I submitted was fair. That, and I was trying to be all Donald Trump. But, I made one mistake that Trump would never make: I got emotionally attached to the property, which is a big mistake.

BUT, as a co-worker said, How can you NOT get emotionally attached to a house? It's where you're going to LIVE. Hell, that's personal!

I swear, I've been stressed before, but submitting a bid, then having it rejected, then having it rejected again, then calling my mortgage broker and keeping him on standby, then calling the insurance company for a quote on homeowners insurance, then scrambling for a private inspector was a pain in the ass.

As childish as it sounds, I kinda felt like I deserved a kick-ass house. I work my ass off. I don't live extravagantly. My credit is good. I have almost zero credit card debt. I don't have a car payment. I'm not a clothes whore. My one luxury is travel, and even when I do that, I do it for cheap. So, I feel like I've been a good boy, and that I should have been rewarded for a tight-ass house with a ton of equity to start building wealth.

Childish, I know. But that's how I felt.

Then, Steve, who was trying to cheer me up and let me know that there are other houses out there, responded with this: "Our credit limit with the world is endless..."

Deep. And he's right. Life goes on.

1 comment:

James Burnett said...

It ain't easy bro. Jill and I got outbid on two houses before we found the one we're in right now. Same circumstances. We got emotionally attached, under bid, and didn't play the game right, when we could've afforded both places' full asking price. But you know what? It worked out the way it was supposed to. Our house is slightly smaller than one of the houses we wanted, slightly bigger than the other, and in in a 10X better location and neighborhood than either of the other two. You'll get the right house. And when you do, furnish it with tough stuff 'cause I'm catching a flight to Houston for a chandelier swinging house-warming party.